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Side-by-side financial comparison of Fabrinet (FN) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.8× Fabrinet). Ovintiv Inc. runs the higher net margin — 46.1% vs 9.9%, a 36.1% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -7.2%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
FN vs OVV — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.1B |
| Net Profit | $112.6M | $946.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | 21.2% |
| Net Margin | 9.9% | 46.1% |
| Revenue YoY | 35.9% | -6.0% |
| Net Profit YoY | 30.0% | 1676.7% |
| EPS (diluted) | $3.11 | $3.64 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $978.1M | $2.0B | ||
| Q2 25 | $909.7M | $2.2B | ||
| Q1 25 | $871.8M | $2.4B | ||
| Q4 24 | $833.6M | $2.2B | ||
| Q3 24 | $804.2M | $2.2B | ||
| Q2 24 | $753.3M | $2.2B | ||
| Q1 24 | $731.5M | $2.4B |
| Q4 25 | $112.6M | $946.0M | ||
| Q3 25 | $95.9M | $148.0M | ||
| Q2 25 | $87.2M | $307.0M | ||
| Q1 25 | $81.3M | $-159.0M | ||
| Q4 24 | $86.6M | $-60.0M | ||
| Q3 24 | $77.4M | $507.0M | ||
| Q2 24 | $81.1M | $340.0M | ||
| Q1 24 | $80.9M | $338.0M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | 21.2% | ||
| Q3 25 | 9.6% | 13.5% | ||
| Q2 25 | 9.8% | 23.1% | ||
| Q1 25 | 9.0% | -3.7% | ||
| Q4 24 | 9.5% | 0.1% | ||
| Q3 24 | 9.6% | 24.2% | ||
| Q2 24 | 9.7% | 25.4% | ||
| Q1 24 | 9.7% | 20.7% |
| Q4 25 | 9.9% | 46.1% | ||
| Q3 25 | 9.8% | 7.3% | ||
| Q2 25 | 9.6% | 13.9% | ||
| Q1 25 | 9.3% | -6.7% | ||
| Q4 24 | 10.4% | -2.7% | ||
| Q3 24 | 9.6% | 23.3% | ||
| Q2 24 | 10.8% | 15.5% | ||
| Q1 24 | 11.1% | 14.2% |
| Q4 25 | $3.11 | $3.64 | ||
| Q3 25 | $2.66 | $0.57 | ||
| Q2 25 | $2.41 | $1.18 | ||
| Q1 25 | $2.25 | $-0.61 | ||
| Q4 24 | $2.38 | $-0.22 | ||
| Q3 24 | $2.13 | $1.92 | ||
| Q2 24 | $2.22 | $1.27 | ||
| Q1 24 | $2.21 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | $280.0M |
| Total DebtLower is stronger | — | $5.2B |
| Stockholders' EquityBook value | $2.2B | $11.2B |
| Total Assets | $3.3B | $20.4B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $280.0M | ||
| Q3 25 | $968.8M | $25.0M | ||
| Q2 25 | $934.2M | $20.0M | ||
| Q1 25 | $950.7M | $8.0M | ||
| Q4 24 | $934.6M | $42.0M | ||
| Q3 24 | $908.9M | $9.0M | ||
| Q2 24 | $858.6M | $8.0M | ||
| Q1 24 | $794.0M | $5.0M |
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.2B |
| Q4 25 | $2.2B | $11.2B | ||
| Q3 25 | $2.1B | $10.2B | ||
| Q2 25 | $2.0B | $10.4B | ||
| Q1 25 | $1.9B | $10.1B | ||
| Q4 24 | $1.8B | $10.3B | ||
| Q3 24 | $1.8B | $10.7B | ||
| Q2 24 | $1.7B | $10.3B | ||
| Q1 24 | $1.7B | $10.3B |
| Q4 25 | $3.3B | $20.4B | ||
| Q3 25 | $3.0B | $19.4B | ||
| Q2 25 | $2.8B | $19.7B | ||
| Q1 25 | $2.6B | $19.6B | ||
| Q4 24 | $2.5B | $19.3B | ||
| Q3 24 | $2.4B | $19.9B | ||
| Q2 24 | $2.3B | $19.8B | ||
| Q1 24 | $2.2B | $19.8B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.3M | $954.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $489.0M |
| FCF MarginFCF / Revenue | -0.5% | 23.8% |
| Capex IntensityCapex / Revenue | 4.6% | 22.6% |
| Cash ConversionOCF / Net Profit | 0.41× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $954.0M | ||
| Q3 25 | $102.6M | $812.0M | ||
| Q2 25 | $55.1M | $1.0B | ||
| Q1 25 | $74.2M | $873.0M | ||
| Q4 24 | $115.9M | $1.0B | ||
| Q3 24 | $83.2M | $1.0B | ||
| Q2 24 | $83.1M | $1.0B | ||
| Q1 24 | $100.9M | $659.0M |
| Q4 25 | $-5.3M | $489.0M | ||
| Q3 25 | $57.3M | $268.0M | ||
| Q2 25 | $4.7M | $492.0M | ||
| Q1 25 | $45.7M | $256.0M | ||
| Q4 24 | $94.0M | $468.0M | ||
| Q3 24 | $62.9M | $484.0M | ||
| Q2 24 | $70.4M | $398.0M | ||
| Q1 24 | $87.3M | $68.0M |
| Q4 25 | -0.5% | 23.8% | ||
| Q3 25 | 5.9% | 13.3% | ||
| Q2 25 | 0.5% | 22.2% | ||
| Q1 25 | 5.2% | 10.8% | ||
| Q4 24 | 11.3% | 21.4% | ||
| Q3 24 | 7.8% | 22.2% | ||
| Q2 24 | 9.3% | 18.1% | ||
| Q1 24 | 11.9% | 2.8% |
| Q4 25 | 4.6% | 22.6% | ||
| Q3 25 | 4.6% | 26.9% | ||
| Q2 25 | 5.5% | 23.5% | ||
| Q1 25 | 3.3% | 26.0% | ||
| Q4 24 | 2.6% | 25.3% | ||
| Q3 24 | 2.5% | 24.7% | ||
| Q2 24 | 1.7% | 28.4% | ||
| Q1 24 | 1.9% | 24.8% |
| Q4 25 | 0.41× | 1.01× | ||
| Q3 25 | 1.07× | 5.49× | ||
| Q2 25 | 0.63× | 3.30× | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | 2.02× | ||
| Q2 24 | 1.02× | 3.00× | ||
| Q1 24 | 1.25× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
